7 Garfield Street, Saco, ME 04072
$675,000
Property Type:
Multi-Family
Baths:
3
Square Footage:
2,314
Lot Size (sq. ft.):
32,670
Status:
Active
Current Price:
$675,000
List Date:
10/24/2023
Last Modified:
3/13/2024
Description
Perfect investment opportunity for someone looking to add to their portfolio or develop more housing units.This property is currently being used as a 2 unit and the land it sits on is zoned to allow a total of 6 units. The current owner has gone through all of the permitting and approval process' to develop an additional 5 units on the property - with this plan you would need to convert the 2 unit back into a single family. There are other development opportunities a new owner could explore as well. Any additional units would require condos - the seller has already started this process as well. This really is a great opportunity!
Supplements: ********
More Information MLS# 1575683
Location Information
Street #: 7
Street Name: Garfield
Street Type: Street
County: York
Town: Saco
State/Province: ME
Zip Code: 04072
Zip +4: 2405
Leased Land: No
Book: 10657
Page: 160
Map: 067
Lot: 021
Zoning: R-2
Zoning Overlay: No
Association: No
Full Tax Amount $: 4980
Tax Year: 2022
Geo Lat: 43.510816
Geo Lon: -70.461456
Contract Information
Status: Active
Original List Price: 699000
List Price: $675,000
Current Price: $675,000
Property Information
Surveyed: Yes
Seasonal: No
Number of Units: 2
Total Baths: 3
Total Full Baths: 3
Year Built: 1925
SqFt Finished Above Grade: 2314
SqFt Finished Total: 2314
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.75
Source of Acreage: Public Records
Compensation & Misc Info
Buyer Agency: 2.5
Buyer Agency Type: %
Water Info
Water Frontage: No
Water View: No
Income & Expenses
Gross Income: 26400
Operating Expenses: 6640
Units
# of 1 BD Units: 1
# of 3 BD Units: 1
Unit 1
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 2200
# Full Baths: 2
# of Rooms: 6
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2
Lease: No
Level: First
Security Deposit: No
# Full Baths: 1
# of Rooms: 2
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Utilities
Utilities On: Yes
Property Features
Site: Level; Sidewalks
Location: Near Town; Neighborhood
Roads: Paved; Public
Style: New Englander
Construction: Wood Frame
Basement: Full; Unfinished
Basement Entry: Bulkhead; Interior
Foundation Materials: Block; Brick/Mortar
Exterior: Vinyl Siding; Wood Siding
Roof: Shingle
Heat System: Baseboard
Heat Fuel: Oil
Water Heater: Other Water Heater
Cooling: None
Floors: Wood
Driveway: Paved
Parking: 5 - 10 Spaces
Vehicle Storage: No Vehicle Storage
Electric: Circuit Breakers
Gas: No Gas
Sewer: Public Sewer
Water: Public
Documents
Plot Plan Public Access ›Listing Office: Landing Real Estate
Last Updated: March - 13 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.